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» Demand exceeds supply at Azerbaijani Central Bank’s auction
17/10/2016 Yazdır

Demand at the deposit auction held by Azerbaijan’s Central Bank (CBA) Oct. 17 was 59 million manats (1.5969 AZN/USD on Oct. 17), said the CBA.

The CBA was ready to receive 50 million manats from the banks through the auction.

The weighted average interest rate in the deposit transactions concluded at the auction was 14.67 percent.

The CBA raised 124 million manats from local banks in September through deposit auctions.

The Central Bank began to hold deposit auctions in mid-June.

The CBA has raised more than 600 million manats from local banks since the deposit auctions started.

Thirty-two banks, including two state-owned ones, operate in Azerbaijan.


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